SEOUL, July 17 (Korea Bizwire) — President Lee Jae Myung and Turkish President Recep Tayyip Erdogan on Thursday agreed to further strengthen the strategic partnership between the two countries, the presidential office said. In the phone call, the two leaders assessed the close economic cooperation in areas such as trade and investment, and pledged to [...]
SEOUL, July 17 (Korea Bizwire) – President Lee Jae Myung on Thursday instructed senior aides to review a plan to redesignate Constitution Day as a public holiday. Observed annually on July 17, Constitution Day had been a public holiday but was reclassified in 2008 as a commemorative day, meaning government offices and businesses no longer [...]
SEOUL, July 17 (Korea Bizwire) — President Lee Jae Myung has appointed Park Yong-maan, former chairman of the Korea Chamber of Commerce and Industry (KCCI), as the chief of a special delegation to the United States, the presidential office said Thursday Park, who also previously served as chairman of Doosan Group, will lead the delegation [...]
SEOUL, July 17 (Korea Bizwire) – The National Assembly on Thursday unveiled a monument in remembrance of parliament’s vote that blocked a martial law bid by ousted President Yoon Suk Yeol in December last year. Yoon, who is standing criminal trial on insurrection charges, declared an emergency martial law on Dec. 3 that shocked the [...]
SEOUL, July 17 (Korea Bizwire) — On a breezy summer morning, deep in the rugged hills of Uljin County—an area scorched by South Korea’s devastating wildfires in 2022—a futuristic electric SUV stands poised for a mission of renewal. But this is no ordinary off-roader. It’s Hyundai Motor Company’s Ioniq 9 Seed Ball Drone Station: a [...]
SEOUL, July 17 (Korea Bizwire) — In commemoration of the 77th Constitution Day, South Korea’s National Assembly on Thursday unveiled a symbolic stone monument on the parliament lawn to mark the legislature’s swift vote to lift the state of martial law declared by former President Yoon Suk Yeol last December. The monument, inscribed with the [...]
SEOUL, July 17 (Korea Bizwire) — The special counsel team investigating corruption allegations against former first lady Kim Keon Hee said Thursday it is seeking an Interpol Red Notice for her close aide, who is on the run over suspicions of receiving investments from private companies by exploiting his ties to her. Special counsel Min [...]
SEOUL, July 17 (Korea Bizwire) – The Supreme Court on Thursday finalized the acquittal of Samsung Electronics Co. Chairman Lee Jae-yong in a controversial merger case dating back to 2015. The verdict came four years and 10 months after Lee was indicted on charges of unfair trading, stock price manipulation and accounting fraud in the [...]
SEOUL, July 17 (Korea Bizwire) — Industry Minister nominee Kim Jung-kwan on Thursday pledged to mobilize all available resources to boost exports and spur economic growth, while vowing to pursue “pragmatic” trade policies in response to the United States’ aggressive tariff scheme. Kim made the commitment during his parliamentary confirmation hearing, after being nominated as [...]
SEOUL, July 17 (Korea Bizwire) – A leading government-affiliated research institute has issued a stark warning against adopting a defined contribution (DC) pension model as an alternative to South Korea’s current national pension system, calling it a “poisoned chalice” ill-suited to the country’s demographic and economic realities. The report, released Wednesday by the National Pension [...]